Consol, Noble form pipeline venture
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NEW YORK (AP) — Oil and gas producers Consol Energy and Noble Energy said Thursday that they plan to form a new publicly traded joint venture that will operate natural-gas pipelines in the Marcellus Shale region in the Eastern U.S.
The two companies said they plan to create a master limited partnership. Consol and Noble said they filed confidential paperwork to the U.S. Securities and Exchange Commission about the joint venture’s initial public offering.
The offering is expected to be completed before the end of the year.